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20121205
20121213
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Search Results 0 to 11 of about 12 (some duplicates have been removed)
CSPAN
Dec 6, 2012 8:00pm EST
interested in avoiding the fiscal cliff, and clearly not interested at all in cutting any spending. with the president is really in, as we learned just yesterday, is getting as much taxpayer money as he can, first by raising taxes on small businesses who he believes are making too much money, and then on everybody else. not so he can lower the debt or the deficit, but so he can spend to his heart's content. for months, the president has been saying that all he wanted to raise taxes on the top 2% so he can tackle the debt and the deficit. however, yesterday, he finally revealed that that is not really is true intent. by demanding the power to raise the debt limit whenever he wants, by as much as he wants, he showed what he is really after is assuming unprecedented power to spend taxpayer dollars without any limit at all. this is not about getting a handle on deficits or debt or him. it is about spending even more than he already has. why else would you demand the power to raise the debt limit on his own? by the way, why on earth would we consider giving a president who has brought us four yea
CSPAN
Dec 5, 2012 8:00pm EST
country to lead and opportunity for the president to lead. >> as these fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem, it has a spending problem. and under this administration, under president obama, we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we raise taxes to pay for more spending. this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. this is our opportunity to do the big things. this is our moment to provide that leadership that america desperately wants and we stand here ready to take the action necessary. >> the american people are hurting right now and now is the moment where we need to step up to the plate and solve the problem. cann't know how any of us l
CSPAN
Dec 7, 2012 1:00am EST
. what is obvious to the most casual observer is that this plan is not a balanced. the fiscal cliff involves nearly four dollars of anticipated revenue from higher taxes for every dollar of spending cuts, yet the president wants more revenue and fewer spending cuts. if we fell off the cliff, his plan calls for another round of stimulus spending. you have got to be kidding me. what the president's plan lacks is any reform in our entitlement system. the unrestrained growth in entitlement system is driving deficits and driving the debt even higher than the percentage of our gdp. it is estimated to be as high as $128 trillion. even if they confiscate all of the income that excesses $1 million, we cannot pay for the entitlement commitments that the federal government has made. we have made promises to ourselves that we simply cannot keep. without some sensible entitlement reform, our credit rating will be downgraded again. we will become a country that none of us recognize. secondly, fiscal plans failed to achieve their government budget deficit or debt reduction goals. dr. hassett has examined fiscal plans in other countries. on average, unsuccessful plans proposed an increase in revenue
CSPAN
Dec 4, 2012 8:00pm EST
focused on is to get through the fiscal cliff and get a deal done and lay the foundation for long-term fiscal reform. it is focused primarily on health care. >> senator, can you wait in on this? cbo, 10-year window, this is a requirement. congress needs to address these things. a roadmap, if you will. should we change the rules before we play the game? >> all of these extraordinary and practical ideas cannot survive in the cbo structure. that is a forcing mechanism. people are grasping onto ideas such as changing the age. people can easily explain it i and understand it instead of doing the more complex and difficult things that would get you where you want to go. i would be interested -- i have always opposed -- >> i did not hear that. >> directive scoring when it comes to cbo. i do think somehow and i think this is the governor's point, which is congress ignores a lot of stuff that makes sense. it gets wrapped up in its day- to-day activities. i honestly think you break out of this is if you get a white house and leadership in congress that are willing to take the unusual step of rea
CSPAN
Dec 11, 2012 8:00pm EST
: mr. speaker, last week republicans made a serious offer to avert the fiscal cliff, and most of it was based on testimony given last year by president clinton's former chief of staff, erskine bowles. and as mr. bowles himself said on sunday, we have to cut spending. well, he's right. washington has a spending problem. let's be honest. we're broke. and the plan that we've offered is consistent with the president's call for a balanced approach. a lot of people know that the president and i met on sunday. it was a nice meeting. it was cordial. we're still waiting for the white house to see what spending cuts the president is willing to make as part of the balanced approach that he promised themerica people. where are the president's spending cuts? the longer the white house slow walks this process the closer our economy gets fought fiscal cliff. -- gets to the fiscal cliff. here's what we know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not fixing our proble frankly, it's making it worse. on top of that, the president wants to raise taxes on many small business owners. now, even if we did exactly what the president wants, we would see red ink as far as the eye can see. tha
CSPAN
Dec 12, 2012 6:00am EST
will resolve the fiscal class -- cliff and have some large down payment. when it comes to republicans and conservatives, there are three things to bearer in mind. one is the house republicans they were elected to cut spending and not raise taxes. that is one of the reasons it is hard to move toward. -- for word. there are a number of revenues that would be acceptable to conservatives. the first one is one that speaker boehner put out almost immediately after the election. that is revenues to a stronger economy. that seems to be a table -- to be acceptable. also acceptable would be a way to reduce subsidies. you could see more premiums for things like flood insurance, pension plans and so forth. these are acceptable type of revenues to conservatives that are not getting a lot of discussions. also are forms of privatizing. we talked about public-private partnerships in transportation, and for structure. -- and infrastructure. also all kinds of ways we can undertake a program of sales and other services to generate revenues to the federal government that would be conservatives. we could
CSPAN
Dec 12, 2012 8:00pm EST
this country and that's why the fiscal cliff, this thing is not the result of taxes, it's as a result of spending and too many people not having jobs to be able to pay in not just their taxes but to be able to sustain our economy. and so we have millions of people that are unemployed and drawing unemployment compensation. we are seeing disabilities rise at a rate of 16% every year. one thing which we note that just before president obama took effect, white house figures show the federal budget was $2.9 trillion. next year's estimate is going to be $3.8 trillion. this is a 31% increase in spending in just four years. we have someone as the president, our great president, who is hung up on taxing and spending. what we need is a house of representatives that's hung up on jobs and job creation. the american product. entrepreneurship. creativity. competition with the world. the next new great ideas. not that will come from this body but from the creativity of the american people. this is what republicans are trying to keep alive in our country. the idea of self-reliance and working hard and taking care of
CSPAN
Dec 5, 2012 1:00am EST
specific spending cuts specific revenue increases that reduce the deficit and avoid the fiscal cliff. we should not put out the hard decisions with gimmicks or triggers. that is what got us here in the first place. at this time to bite the bullet -- it is time to bite the bullet and make the tough decision. the first thing we should do is immediately and eminently extend the middle class tax cuts. this decisive action will ensure that millions of american families do not see a tax cut. -- a tax hike of $2000 in the next two months. we need a long-term solution. most serious plans recommend about $4 trillion to restore the balance. interest savings revives another $600 billion. brining home our troops from iraq and afganistan brings another $800 billion. this plan will strengthen the economy. it will put us on a stable path forward. it must ramp up over time if we will avoid slowing down the economic recovery. 40% of the long-term growth of federal health programs is due to rising healthcare costs. 40%. 60% is due to americans aging. 10,000 americans turn 65 every day. in fact, each a
Search Results 0 to 11 of about 12 (some duplicates have been removed)